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Cutebwoy:
Fears in the Syrian street after the exchange rate of the lira against the dollar to the highest level since the beginning of the war
The fall in the exchange rate of the Syrian pound, on the black market, against the dollar, to its lowest rate since the beginning of the war raised many concerns and questions in the Syrian street, after it reached 675 pounds per dollar.
A number of Syrian officials and economists have presented the government with a number of solutions to counter this major shift. Where the Director General of the Syrian Real Estate Bank, Madin Ali, proposed to take punitive measures against those found to be involved in speculation in dollars, whether banks, people or actors, and reconsider the policy of financing imports, and perhaps withdraw from it and leave the subject to the private sector, with strict and strict restrictions on Import only for the maximum need.
He also proposed imposing a mandatory dollar loan on large traders, financiers, new financiers and businessmen, and confiscating the funds of those who refused to help the state with a dollar loan.
The head of the financial and accounting professions, Zuhair al-Tinawi, said that the quick and emergency solution is "hitting speculators" and monitoring the trading operations in the parallel "black" market, noting that this solution is not optimal, but it is required in relation to the current situation, and stressed thatThe views of those charged with improving the value of the lira are complex and confusing, especially since previous procedures such as certificates of deposit have never borne fruit de facto.
For his part, a member of the committee of the draft law on the protection of the lira, legal Ammar Yusuf, proposed the control of the exchange market urgently, immediately and seriously, to protect citizens with very weak purchasing power, demanding the criminalization of the possession and circulation of the dollar outside the official channels, in accordance with the laws that were in force during the eightThe current situation is war, so the economy of war is to be applied, so the way the state deals with the exchange market in the 1980s has to be adopted today.
In statements quoted by al-Watan newspaper, which is close to the government, he called for closing companies and bureaux de change, limiting the dollar to basic need, through the state, in full, and controlling those who smuggle the dollar, in any amount.
Dr. Shafiq Arabesh, a professor at the Faculty of Economics, called on the government to launch a major crackdown on black market traders, especially since foreign exchange money is smuggled daily outside the country, noting that "the black market has become stronger than the monetary authority in the country".
https://clgmena.com/2019/09/08/fears-in-the-syrian-street-after-the-exchange-rate-of-the-lira-against-the-dollar-to-the-highest-level-since-the-start-of-the-war/
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Cutebwoy:
Fears in the Syrian street after the exchange rate of the lira against the dollar to the highest level since the beginning of the war
The fall in the exchange rate of the Syrian pound, on the black market, against the dollar, to its lowest rate since the beginning of the war raised many concerns and questions in the Syrian street, after it reached 675 pounds per dollar.
A number of Syrian officials and economists have presented the government with a number of solutions to counter this major shift. Where the Director General of the Syrian Real Estate Bank, Madin Ali, proposed to take punitive measures against those found to be involved in speculation in dollars, whether banks, people or actors, and reconsider the policy of financing imports, and perhaps withdraw from it and leave the subject to the private sector, with strict and strict restrictions on Import only for the maximum need.
He also proposed imposing a mandatory dollar loan on large traders, financiers, new financiers and businessmen, and confiscating the funds of those who refused to help the state with a dollar loan.
The head of the financial and accounting professions, Zuhair al-Tinawi, said that the quick and emergency solution is "hitting speculators" and monitoring the trading operations in the parallel "black" market, noting that this solution is not optimal, but it is required in relation to the current situation, and stressed thatThe views of those charged with improving the value of the lira are complex and confusing, especially since previous procedures such as certificates of deposit have never borne fruit de facto.
For his part, a member of the committee of the draft law on the protection of the lira, legal Ammar Yusuf, proposed the control of the exchange market urgently, immediately and seriously, to protect citizens with very weak purchasing power, demanding the criminalization of the possession and circulation of the dollar outside the official channels, in accordance with the laws that were in force during the eightThe current situation is war, so the economy of war is to be applied, so the way the state deals with the exchange market in the 1980s has to be adopted today.
In statements quoted by al-Watan newspaper, which is close to the government, he called for closing companies and bureaux de change, limiting the dollar to basic need, through the state, in full, and controlling those who smuggle the dollar, in any amount.
Dr. Shafiq Arabesh, a professor at the Faculty of Economics, called on the government to launch a major crackdown on black market traders, especially since foreign exchange money is smuggled daily outside the country, noting that "the black market has become stronger than the monetary authority in the country".
https://clgmena.com/2019/09/08/fears-in-the-syrian-street-after-the-exchange-rate-of-the-lira-against-the-dollar-to-the-highest-level-since-the-start-of-the-war/
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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